Water Views
Address
77 Mimosa Lane, Elkton, MD
Price
$ 1,597,000
Property Attributes
- MLS#MDCC2012014
- TypeMulti-Family
- CountyCECIL
- CityElkton
- Zip21921
- StyleRanch/Rambler
- Year Built1978
- Taxes$ 6597
- Price$ 1,597,000
- Bedrooms9
- Full Bathrooms0
- Half Bathrooms0
- Lot Size31.71 Acres
Data Source:
Bright MLS
Property Description
Discover this exceptional opportunity to own a sprawling property in Elkton, Maryland, featuring not just one, but three ranch homes set on over 31 acres of picturesque land. This remarkable estate offers both vast open spaces and wooded areas, presenting a blend of rural charm and potential for subdivision. With the possibility of creating up to 7 individual lots (subject to Cecil County approval), this property is brimming with potential. In addition to subdivision opportunities, this estate offers various revenue-generating possibilities, including solar farming, leasing land for agriculture, and expanding an existing rental portfolio. Approximately 25 tillable acres are available for agricultural ventures, while the option to sell one home and its parcel separately also adds to the investment appeal. The estate features three single-family ranch homes. Previously utilized as rental properties, these homes are being sold 'as-is'. 1. 3-bedroom, 2-bathroom home with a basement 2. 3-bedroom, 2-bathroom home 3. 3-bedroom, 1-bathroom home At the heart of the estate is a tranquil pond, adding to the natural beauty and serenity of the area. Conveniently located with easy access to I-95, the property ensures effortless commutes. It's just a 30-minute drive to Wilmington and less than an hour from both Philadelphia and Baltimore. Whether you're seeking an investment opportunity, a vast expanse of land for outdoor activities, starting a farm, or building your dream home, this Elkton property is a perfect fit. Embrace the tranquility of nature and explore the potential for growth with this unique offering, now awaiting its new owner.
| Elementary School | Middle School | High School |
|---|---|---|
| Leeds Elementary School | Cherry Hill Middle School | North East High School |
| Price History | |
|---|---|
| 2/28/2024 | Listed $1,700,000 |
| 3/21/2024 | 7% - $1,597,000 |
General Features
| Sewer | On Site Septic |
|---|---|
| Heating | Baseboard - Electric |
| Cooling | None |
| Possession | 0-30 Days CD,Immediate,Negotiable,31-60 Days CD |
| Zoning | NAR |
| Garage Spaces | 1.00 |
| Pool Y/N | No Pool |
| Architectural Style | Ranch/Rambler |
| Construction Materials | Brick |
| Year Built | 1978 |
| View | Pond,Pasture,Scenic Vista,Trees/Woods,Water |
| Property SubType | Other |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | Doors - Swing In |
| County | CECIL |
| New Construction | No |
| Property Type | Multi-Family |
| Subdivision Name | NONE AVAILABLE |
| Garage Y/N | Yes |
| Water Access Y/N | Yes |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | south on Union Church Road then right on Tonys Road the property is on your left (77 Mimosa Lane) |
| ModificationTimestamp | 2024-03-21T15:25:23 |
| City | ELKTON |
| Buyer Agent Compensation | 2.5 |
| Total Units | 3 |
| Lot Size Square Feet | 1381288.00 |
| Tax Assessed Value | 591900.0 |
| Waterfront Y/N | No |
| Street Name | MIMOSA |
| Tax Annual Amount | 6597.0 |
| Home Warranty Y/N | No |
| Structure Type | Detached |
| NumberOfUnitsVacant | 1 |
| Other Units | Unit 1,Unit 2,Unit 3 |
| Price Per Sq Ft | 532.33 |
| Acceptable Financing | Cash,Conventional |
| Vacation Rental Y/N | No |
| Virtual Tour | https://www.youtube.com/watch?v=z5wmPajmYNE |
| Total SQFT | 3000 |
| Days on Market | 50 |
| Location Type | Rural |
| Standard Status | Active |
| Year Built Source | Assessor |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Basement | Other |
| Total Fireplaces | 1 |
| Hot Water | Electric |
| Furnished Units | None |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| Street Suffix | LANE |
| Central Air Y/N | No |
| LivingAreaSource | Estimated |
| Three Bedroom Units Count | 3 |
Exterior Features
| Water Source | Well |
|---|---|
| Inclusions | 3 single family ranch homes on property in as-is condition. |
| Total Parking Spaces | 1 |
| Garage Features | Other |
| Type of Parking | Attached Garage,Driveway |
| Land Use Code | A |
| Foundation Details | Other |
| Spa | No |
| Water View Y/N | Yes |
| Lot Size Acres | 31.71 |
| Water Body Type | Pond |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 123800.00 |
| Water Oriented Y/N | Yes |
| # of Attached Garage Spaces | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 21921
Price
Taxes
Visits
Year Built
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